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from $1,680Studio to 3 Bedroom Apartments Available Now
Palmilla Apartments
51 S Coyle StPensacola, FL 32502
Cheap Apartments for Rent in the Downtown Pensacola Neighborhood of Pensacola, FL from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Pensacola area of Pensacola.
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from $1,621Studio to 3 Bedroom Apartments Available Now
Southtowne Apartments
101 E Romana StPensacola, FL 32502
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from $9391 to 2 Bedroom Apartments Available Now
Alabaster Gardens - 55+ Community
929 Massachusetts AvePensacola, FL 32505
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from $1,2991 to 2 Bedroom Apartments Available Now
The Overlook at Pensacola Bay
1200 Scenic HwyPensacola, FL 32503
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from $1,1501 to 2 Bedroom Apartments Contact Us For Availability
Marina Villas
1275 Mahogany Mill RdPensacola, FL 32507
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-15, Page 1 of 1
Downtown Pensacola, Pensacola, FL Local Guide
How much does it cost to rent an apartment in Downtown Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Pensacola Studio Apartments | $1,733 | $1,621 | $2,018 |
| Downtown Pensacola 1 Bedroom Apartments | $1,618 | $939 | $2,668 |
| Downtown Pensacola 2 Bedroom Apartments | $1,880 | $1,124 | $3,059 |
| Downtown Pensacola 3 Bedroom Apartments | $3,048 | $2,960 | $3,120 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Pensacola Neighborhood of Pensacola, FL.
See all Apartments in PensacolaExplore Pensacola
Downtown Pensacola, Pensacola, FL Local Guide
- Nearby Pensacola neighborhoods
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Cheapest Available Downtown Pensacola Apartments for Rent
The cheapest available apartment rental in the Downtown Pensacola area of Pensacola, FL is a 1 Bed unit found at Alabaster Gardens - 55+ Community priced from $939. Ashley Club has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $939 |
| Ashley Club | 1x1 - Bayou Upgrade | 1BR,1BA | $1,165 |
| The Overlook at Pensacola Bay | B2 | 2BR,1BA | $1,299 |
| Palmilla Apartments | A2 | 1BR,1BA | $1,680 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,819 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of April 30, 2025 the best value apartment in the Downtown Pensacola area is the $2.32 price per square foot A2 Model at Palmilla Apartments in the in the Greater Pensacola neighborhood starting from $1,680. The second greatest value Downtown Pensacola apartment is the 1x1 - Bayou Upgrade Model at Ashley Club starting at $1,165 with a $1.69 price per square foot in the Southeast Pensacola neighborhood. Here is today’s list of the best values for Downtown Pensacola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Palmilla Apartments | A2 | 1BR,1BA | $2.32 |
| Ashley Club | 1x1 - Bayou Upgrade | 1BR,1BA | $1.69 |
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $1.42 |
| Southtowne Apartments | Palm | 1BR,1BA | $3.24 |
| The Overlook at Pensacola Bay | A1 | 1BR,1BA | $2.32 |
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Downtown Pensacola Neighborhood in Pensacola, FL
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Pensacola Apartments
What is the price of a cheap apartment in Downtown Pensacola?
The cheapest apartment in Downtown Pensacola is Alabaster Gardens - 55+ Community which is listed at $939, while the average apartment in Downtown Pensacola costs $3,049.
What types of apartments are the cheapest in Downtown Pensacola?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Downtown Pensacola that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.